Replies to post #20055 on Northern Dynasty Minerals Ltd (NAK)

[stargazer123]

I've noticed that the Dec 20 options are trading. 121 of the $1 calls traded today at .15 up .03 from yesterday. Since their price increased, that means that people wanted them enough that they paid a higher price to buy them. I think that a few days ago they were trading at .10

Of course, 121 transactions are much less than the 2,032 $3 Nov calls that traded today. And the total $1 Dec trades is only 1,393, much less than the +18,000 total for the $3 November calls

But it could mean that some (insiders?) think that there will be no announcement made within the next two weeks. So it may be more than two weeks before any announcement is made.

If so, as you say, all those Nov calls will be worthless.

By the way, two Jan 17 transactions for the 0.50 calls traded for .28, up .03 from previous trades. That means the buyers only expect NAK to be at $0.78 by January 17

Whatever that implies